Middle East Oil Falls as Saudis Keep Supply; China Imports Drop
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Middle East crude for sale to Asia fell on signs that supplies may be ample as Saudi Arabia kept their long-term exports unchanged for August and China’s June imports declined.
Oman crude for immediate loading dropped 20 cents, or 0.2 percent, to $110.91 a barrel, Bloomberg data showed. Dubai oil for delivery in September fell 0.4 percent to $110.45. Murban declined 0.4 percent to $114.75.